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Top Financial Afrik News

Mali plans to sell gold reserves at Barrick complex to fund operations

Mali plans to sell gold reserves at Barrick complex to fund operations

47% Center coverage: 15 sources

OPEC Raises Long-Term Demand Forecasts in Rejecting Peak Oil

OPEC Raises Long-Term Demand Forecasts in Rejecting Peak Oil

55% Right coverage: 11 sources

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd). In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029. However, global economic development with growing demand…See the Story

Landmark $747 Million Syndicated Loan Secured for Phase 1 Section 1 of the Lagos-Calabar Coastal Highway

Bola Tinubu · Lagos

Landmark $747 Million Syndicated Loan Secured for Phase 1 Section 1 of the Lagos-Calabar Coastal Highway

67% Center coverage: 6 sources

The Federal Government has secured a $747 million loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway project, stretching from Victoria Island to Eleko Village.See the Story

Blindspots

Landmark $747 Million Syndicated Loan Secured for Phase 1 Section 1 of the Lagos-Calabar Coastal Highway

UBA Targets Middle East Expansion, To Open Office In Saudi Arabia

United Bank for Africa (UBA) Plc has announced plans to establish a new office in Saudi Arabia, marking a strategic move in the bank’s global expansion agenda and reinforcing its ambition to deepen Africa’s integration with key global markets. The announcement was made during UBA’s Half-Year Business Review Meeting, held at its global headquarters in Lagos. The session was led by Group Managing Director/Chief Executive Officer Oliver Alawuba, wh…Lagos, Lagos · Lagos See the Story

East Africa: Ethiopia Makes Successful Participation At 17th Brics Summit

34% Center coverage: 3 sources

ADDIS ABABA - Ethiopia has held a successful participation at the 17th BRICS Summit in promoting bilateral and multilateral cooperation and making African voices heard, according to officials who attended the summit.Narendra Modi See the Story

Waemu: 0.02 Basis Point Decrease in Bank Debtor Rates in May 2025

The borrowing rates applied by the banks of the West African Economic and Monetary Union (WAEMU) to their customers fell by 0.02 basis point in May 2025 compared with the previous month, according to the results of the survey on banking conditions carried out by the Central Bank of the African States (CBS).Read Article

Togo: Second Annual Meeting of the Umoa Council of Ministers Opens in Lomé

The work of the second annual ordinary session of the Council of Ministers of the West African Monetary Union (Umoa) was launched at the national headquarters of the Central Bank of West African States (ECOWAS) by Ivorian Adama Coulibaly, President of the body, this Friday, 11 July in Lomé. The meeting takes place in "an international context marked by increasing uncertainty, particularly fuelled by trade and geopolitical tensions, as well as th…ECOWAS · Togo Read Article

Atidi Supports the Construction of Rwanda's New International Airport

Nairobi, July 11, 2025 – Insurance for the Development of Trade and Investment in Africa (ATIDI) granted a counter-guarantee of $84 million to support the issuance of bonds and guarantees to finance the construction of the new international airport in Bugesera, Rwanda. This initiative involves a consortium of three local banks...Insurance · Rwanda See the Story

Cameroon: Public Treasury Seeks Approximately Usd 446 Million From Local Banks with Afreximbank Guarantee

The Cameroonian government will seek the local banking system for a loan of CFAF 250 billion (USD 446 million) thanks to the guarantee of the African Import-Export Bank (Afreximbank). This is what has been foreseen in the budgetary collective that the state is preparing to deposit on the table of deputies, to amend the budget 2025...Cameroon · Cameroon Read Article

Structure and Roll-Out of Gss Bonds: Towards an Integrated and Sustainable Regional Market in Umoa

Abidjan has hosted, since Thursday 10 July, a high-level workshop focusing on mastering the full cycle of green, social and sustainable bonds (GSS). Organised jointly by the Global Institute for Green Growth (GGGI) and the Regional Securities Exchange (BRVM), the event is part of the continuation of a partnership initiated in April 2024...Abidjan · Abidjan Read Article

In Africa and the Middle East, How the Insurance Sector Stands Out in 2024

The Middle East and Africa (MEA) are among the most dynamic emerging markets in the insurance sector in 2024, according to the report "Global Insurance in 2025: A More Risky and Fragmented World Order" published by the Swiss Re Institute (SRI). The region has been distinguished by above-average growth, in terms of...Read Article

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